Fidus Investment Corporation (NASDAQ:FDUS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Fidus Investment Corporation is a business development company which provides customized mezzanine debt and equity financing solutions to lower middle-market companies. The Company partners with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Fidus Investment Corporation is based in Evanston, Illinois. “

Separately, BidaskClub cut shares of Fidus Investment Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Fidus Investment Corporation currently has an average rating of “Hold” and a consensus price target of $17.50.

Fidus Investment Corporation (NASDAQ FDUS) opened at 16.06 on Wednesday. Fidus Investment Corporation has a one year low of $14.33 and a one year high of $18.21. The firm has a 50-day moving average of $16.09 and a 200 day moving average of $16.83.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/06/fidus-investment-corporation-fdus-stock-rating-upgraded-by-zacks-investment-research.html.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Muzinich & Co. Inc. boosted its position in shares of Fidus Investment Corporation by 28.7% in the second quarter. Muzinich & Co. Inc. now owns 1,013,739 shares of the asset manager’s stock worth $17,051,000 after purchasing an additional 226,099 shares during the period. UBS Group AG boosted its position in shares of Fidus Investment Corporation by 20.9% in the first quarter. UBS Group AG now owns 559,907 shares of the asset manager’s stock worth $9,838,000 after purchasing an additional 96,885 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Fidus Investment Corporation by 11.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 475,794 shares of the asset manager’s stock worth $8,003,000 after purchasing an additional 49,744 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Fidus Investment Corporation by 13.6% in the second quarter. Advisors Asset Management Inc. now owns 434,316 shares of the asset manager’s stock worth $7,305,000 after purchasing an additional 51,969 shares during the period. Finally, Novare Capital Management LLC bought a new position in shares of Fidus Investment Corporation in the second quarter worth approximately $5,564,000. Institutional investors and hedge funds own 30.68% of the company’s stock.

About Fidus Investment Corporation

Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.

Receive News & Stock Ratings for Fidus Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidus Investment Corporation and related stocks with our FREE daily email newsletter.